Pattern Energy Narrows Targeted Annual Cash Available For Distribution

(RTTNews) - Pattern Energy Group Inc. (PEGI, PEG.TO) Monday said it has narrowed its targeted annual cash available for distribution for 2016 to a range of $130 million to $140 million, representing an increase of 46% at the midpoint of the range, compared to cash available for distribution in 2015.

The company also declared a fourth quarter dividend of $0.408 per Class A common share or $1.632 on an annualized basis, subsequent to the end of the period, representing a 2.0% increase over the previous quarter's dividend. The dividend is payable on January 31, 2017, to holders of record on December 30, 2016.